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Westwood Financial Sells San Diego Retail Property For $1,450,000

6/18/01
LOS ANGELES, California -- Westwood Financial Corp. sold a two-unit convenience center located in San Diego, California at the northeast corner of Fairmont and University Avenues for $1,450,000.  The property was sold to one of the tenants, Bryan Chanda.  The 4,898-sf retail center is 100% occupied and houses Payless ShoeSource and Donut Star. 

“We are continuing to sell our non-anchored retail centers with seven more presently under contract,” said Joe Dykstra, executive at Westwood Financial.  “We’re also continuing to acquire more anchored neighborhood and community shopping centers in the West.  As one of the largest real estate investment firms of retail shopping centers on the West Coast, we look to continue acquiring quality retail properties.” 

Bryan Chanda represented himself, and Westwood Financial acted as principal and was represented in-house by Phillip Duke.

Westwood Financial Corp., a leading real estate investment company founded in 1970, is located in Los Angeles, California and owns and operates 99 retail properties throughout the Western states. 

For more information, please contact:

Phillip Duke (310-820-5443)

Joe Dykstra, Executive Vice President
310-820-5443
jdykstra@westfin.com
www.westfin.com